Effective Date; Termination Sample Clauses
The 'Effective Date; Termination' clause defines when an agreement becomes legally binding and the conditions under which it can be ended. Typically, it specifies the exact date the contract takes effect and outlines scenarios such as breach, mutual agreement, or the passage of a set term that would allow either party to terminate the agreement. This clause ensures both parties are clear on when their obligations begin and under what circumstances those obligations may be concluded, thereby providing certainty and managing the risk of unexpected or unclear contract duration.
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Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01
Effective Date; Termination. Section 5.01. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions.
Effective Date; Termination. Section 6.01. The following event is specified as an additional condition to the effectiveness of the Loan Agreement within the meaning of Section 12.01 (c) of the General Conditions, namely, that the arrangements referred to in Section 3.02 of the Guarantee Agreement have been concluded in accordance with the provisions of said Section.
Section 6.02. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions.
Effective Date; Termination. Section 3.01. This Project Agreement shall come into force and effect on the date on which the Loan Agreement comes into force and effect. ADB shall promptly notify MORD and the State of such date.
Section 3.02. All the provisions of this Project Agreement shall continue in full force and effect notwithstanding any cancellation or suspension under the Loan Agreement.
Effective Date; Termination. Section 2.01. This Amending Agreement shall not become effective until evidence satisfactory to the Association shall have been furnished to the Association that the execution and delivery of this Amending Agreement on behalf of the Borrower have been duly authorized or ratified by all necessary governmental action.
Section 2.02. As part of the evidence to be furnished pursuant to Section 2.01 of this Amending Agreement, there shall be furnished to the Association an opinion or opinions satisfactory to the Association of counsel acceptable to the Association showing, on behalf of the Borrower, that this Amending Agreement has been duly authorized or ratified by, and executed and delivered on behalf of, the Borrower and is legally binding upon the Borrower in accordance with its terms.
Section 2.03. This Amending Agreement shall come into force and effect on the date upon which the Association shall dispatch to the Borrower notice of its acceptance of the evidence required by Section 2.01 of this Amending Agreement.
Section 2.04. If this Amending Agreement shall not have come into force and effect by a date ninety (90) days after the date of this Amending Agreement, this Amending Agreement and all obligations of the parties hereunder shall terminate, unless the Association establishes a later date for the purposes of this Section. If this Amending Agreement shall terminate under the provisions of this Section, the Development Credit Agreement shall continue in full force and effect, as if this Amending Agreement had not been executed.
Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions:
(a) the personnel referred to in Sections 3.04 (b), 3.05, and 3.13 of this Agreement have been employed; and
(b) OFA has been legally established with the assets of ACD, and of the input supply unit of CAMARA in accordance with Sec- tion 3.11 of this Agreement, all in a manner satisfactory to the Association.
Section 6.02. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions.
Effective Date; Termination. This Agreement shall become effective upon execution by all of the Parties and shall continue in force until terminated in accordance with Clause 8.2(a).
Effective Date; Termination. Section 6.01. The following events are specified as additional conditions to the effectiveness of the Loan Agreement within the meaning of Section 12.01 (c) of the General Conditions:
(a) the terms of reference, the short-list of firms and the request for proposals to be sent to such firms, regarding the consulting services referred to in Section 3.04 of this Agreement, have been presented to, and found satisfactory by, the Bank;
(b) the financial management systems referred to in Sections 4.01 and 4.03 of this Agreement and in Section 3.01 of the Recife Project Agreement and the Olinda Project Agreement have been established, and the relevant staff of CONDEPE/FIDEM, COMPESA and the Municipalities have received a minimum of 40 hours of training in the use of such systems;
(c) a manual, satisfactory to the Bank, has been issued by CONDEPE/FIDEM with the policies and procedures for the carrying out of the Project, including, inter alia, the roles and responsibilities of CONDEPE/FIDEM, COMPESA and the Municipalities in the carrying out of the Project, their Project related reporting obligations, guidelines for the works under the Project including environmental specifications to be included in the bidding documents, standard bidding documents to be used for national competitive bidding procedures, and indicators to measure the progress of the Project (the Operational Manual); and
(d) the Subsidiary Agreements, the CONDEPE/FIDEM Agreement and the COMPESA Agreement have been entered into between the respective parties thereto.
Section 6.02. The following are specified as additional matters, within the meaning of Section 12.02 (c) of the General Conditions, to be included in the opinion or opinions to be furnished to the Bank:
(a) the Loan has been validly registered by the Guarantor’s Central Bank;
(b) the Recife Project Agreement and the Olinda Project Agreement have been duly authorized, and are legally binding upon Recife and Olinda, respectively, in accordance with their terms; and
(c) the CONDEPE/FIDEM Agreement and the COMPESA Agreement have been duly authorized, and are legally binding upon CONDEPE/FIDEM and COMPESA, respectively, in accordance with their terms.
Section 6.03. The date October 21, 2003, is hereby specified for the purposes of Section 12.04 of the General Conditions.
Effective Date; Termination. Section 5.01. The following event is specified as an additional condition to the effectiveness of the Loan Agreement within the meaning of Section 12.01(c) of the General Conditions, namely that all conditions precedent to the effectiveness of the Development Credit Agreement shall have been fulfilled, other than those related to the effectiveness of this Agreement.
Section 5.02. The date ninety (90) days after the date of this Agreement is hereby specified for the purposes of Section 12.04 of the General Conditions.
Section 5.03. If the Development Credit Agreement terminates prior to the termination of this Agreement, the provisions of the Development Credit Agreement referred to in this Agreement shall continue in full force and effect between the Borrower and the Bank.
Effective Date; Termination. The obligations of the Guarantor hereunder shall arise absolutely and unconditionally upon the date of the initial delivery of and authentication of the Securities. Subject to Section 2.6, this Guarantee shall terminate on such date as the Indenture is discharged and satisfied.